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PBS
Jun 22, 2013 12:30pm PDT
to the world economy. >> at the summit the g8 leaders issued a cautious assessment of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor, is. >> why are the economies around the world slowing down. >> because the economies around the world have accumulated too much debt and they don't know how to get the economies moving again. china's growth rate is down to 6 or 5%. no one knows where it's going. exports within the european community are dropping all over the place. virtually every european country -- look at the unemployment rate in spain. it's 26%. you look at italy, france and spain, they're all cass -- basket cases. they have a debt to retail. just
CSPAN
Jun 21, 2013 7:00am EDT
wall street journal," -- -- he went on to say, "the economy is recovering too slowly and should not be regarded as the new normal." >> we need a new approach. an approach that removes obstacles of growth, prosperity -- of growth and prosperity. unleash the nation of builders. to become a nation of builders and i think we have to stop picking winners and losers and start focusing on expanding opportunity for everyone. we started out by giving our kids a good chance at an education. to hirend opportunity axa's education so students are ready for tomorrow's job market. to become a nation of builders again, we need to fix our tax code. if we clear out all of these loopholes and make the tax code fair it is going to make it easier to understand, we will be creating more incentives to bring jobs home, and keep our resources here in america. a host: john boehner before the national association of manufacturers. this headline from "the -- this editorial from "the wall street journal" -- joseph on our twitter page has this comment -- logan is on the phone from las vegas on our independen
KCSMMHZ
Jun 14, 2013 5:30pm PDT
into the american economy to help the global recovery. but christine lagarde is urging the bank to roll back its monetary easing in the future. the imf managing director spoke after releasing an annual report on the health of the u.s. economy. she said the feds quantitative easing helps the recover ne the u.s. and supports the global economy. >> there is no need to rush to exit from monetary accommodations given the still large output gap, gishton subdued growth that we have, and given the well-anchored inflation expectations. >> lagarde says the monetary easing should continue at least through the end of the year. the fed is buying $85 billion in bonds and other assets each month to lower borrowing costs and stimulate employment, but investors speculate it may start tapering off these stimulus measures. the imf report notes markets could overreact leading to a sharp increase in long-term interest rates and volatility of international markets. >>> united nations officials say they expect average life spe expectancy around the world to rise to almost 82 at the start of the next century and they e
PBS
Jun 14, 2013 7:00pm PDT
fiscal policies. opinions are divided on how the growth plan can lift the economy. nhk world's chie tanaka has more. i >> reporter: cabinet ministers gathered on friday to give final approval on the new economic growth plan. its purpose is to make japanese businesses more competitive and to bolster the country's economy. the plan includes tripling the value of infrastructure exports by 2020 to over $300 billion. it also calls for establishing special economic zones to provide tax incentives and permitting sales of medicine online. abe also wants to promote the export of medical services and technologies to a market worth over $50 billion by 2030. some private firms welcome the new growth plan. japan's the leading manufacturer of medical image equipment is one of them. >> translator: we are looking forward to promoting our high quality medical products with government support. >> reporter: one economist says a growth plan with specific goals bodes well for the economy. >> setting a new target over prime minister's abe's growth strategy is very easy to understand, what trend of the po
PBS
Jun 18, 2013 7:00pm PDT
. >>> the leaders of the world's wealthiest economies have shared their thoughts on everything from global financial markets to the civil war in syria. but they didn't always agree. the heads of the group of eight nations wrapped up their summit at a resort in northern ireland. they said they would take a tougher stance on money laundering, but offered few specifics. >> we launched negotiations on the biggest bilateral trade deal in history. we agreed a lock earn declaration that has the potential to rewrite the rules on tax and transparency for the benefit of countries right across the world, including the poorest countries of the world. >> the leaders agree that tax authorities in their countries would do more to share information. they want to better track the profits of international corporations to make sure they pay their fair share. they found less common ground on syria. >> it's no secret that there were very different views around the g-8 table. but we all share a vital interest in bringing this conflict to an end, and helping the syrian people to achieve the change they want. >> cameron sa
KCSMMHZ
Jun 17, 2013 6:00am PDT
the economy and improve relations with the west. >>> group of eight leaders are in northern ireland for their annual summit to discuss a wide range of issues including the conflict in syria. >>> "the guardian" newspaper says british agents spied on foreign politicians and officials in 2009 during a g-20 meeting in london. >>> iran's president-elect has held a news conference in tehran. hassan rouhani made a victory speech. he said his administration will rebuild the economy and improve relations with the international community. president-elect hassan rouhani held a news conference for the first time after winning majority of votes in friday's election. nearly 400 journalists attended. >> rouhani ime promised to improve the economy in relation to international. >> rouhani garnered 55% of more than votes. moderate and reformist groups came together to help him. but he'll have to work with hard-line conservatives if he wants to push his agenda forward as they occupy majority in the parliament. he'll be inaugurated in early august succeeded outgoing president mahmoud ahmadinejad. >>> l
PBS
Jun 18, 2013 11:00pm PDT
december kay and economies die." >> while we spend a lot of times talking about how poor economies can improve their institutions to get richer, we don't talk about how richntries can get poorer. >> rose: we conclude with george packer. his book is called "the unwinding: an inner history of the new america." >> i the book appeals to people who are of different political persuasions who say "that's it. that's what life in america has been this past generation. it's been a time of winners and losers, of old institutions that used to support middle-class people eroding and instead a kind -- a landscape where people are on their own and some people do very well and some people do not and the ties that have held us together as a people seem to be getting looser. >> rose: naill ferguson and george packer when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. ferguson is here. his new book is called "great degeneration: how institutions decay and economies die." in his book he argues that the west is in decline and he examines th
FOX News
Jun 19, 2013 3:00pm PDT
to tap the brakes on the feds' bond buying program designed to lower interest rates and spur the economy. fox business network senior washington correspondent peter barns has an update. >> good evening. the fed says the central bank could be getting ready to wind down the easy money policies it has been using for the last five years to help the economy recover from the great recession, the first to slow and then to go, the controversial bond buying program, known as quantitative easing, which helped keep interest rates low. so far, the fed purchased $2.5 trillion in bonds to help flood the financial system with cash, basically printing new money. purchases help keep rates low for auto loans, mortgages and business loans. the fed chairman had cars on his mind when he said his team could start reducing purchases later this year, if the economy keeps growing and unemployment keeps dropping. >> if incoming data support that the economy can sustain a reasonable cruising speed, we will ease the pressure on the accelerator by gradually reducing pace of purchases. however, any need to consider a
CNBC
Jun 17, 2013 6:00am EDT
morning to you. leaders of the world's most powerful economies are gathering in northern ireland for a two-day summit. british prime minister david cameron is the host, and he's pushing for countries to share more financial information. leaders there also expected to discuss differences on some of the big issues. syria's civil war, free trade between europe and north america and of course global tax evasion. we'll have a live report from steve sedgwick on the ground in the next hour. >>> unions in turkey, they're on a owuone-day strike over the eviction of protesters from a park in istanbul. police and protesters clashed from sporadically overnight following a weekend of scuffles in the city. nbc's richard engel will join us with the latest in the next hour. >>> also in corporate news this morning, a large activist investor in smithfield foods is pressuring the company to explore a break-up rather than go ahead with that planned $4.7 billion takeover by a chinese meat producer. i don't know if this is going to make joe happy or not, but "the wall street journal" reporting that starboard va
CNBC
Jun 19, 2013 4:00am EDT
that the outlook for the u.s. economy is still quite unclear and that would dovetail nicely with what are likely to be downward revisions to the fed's forecast for the economy. if you look at the march forecasts, they were still forecasting 2013 gdp at 2.5%. and while i don't think they will go down to the sort of level that the imf was forecasting at 1.9 last friday, down grading that forecast of gdp, downgrading their inflation forecasts to levels which they previously described as sub optimal should offer markets some reassurance that as much as bernanke will stress tapering probably is going to happen, it's a matter of when. and he won't pre-judge his options. it's not something which means immediately that interest rates are going to rise. one of the things that markets seem to have to gotten, that when the fed outlined its qe exit plan in 2011, it did actually say the first thing it would do was not raise interest rates but stop rolling off or reinvesting maturing debt. >> the other thing of course is they won't be buying any fresh stuff even when they stop. and tapering doesn't mean they
CSPAN
Jun 22, 2013 7:00am EDT
university, about the state of the u.s. economy. later in the program we will be joined by a matthew segal. he will be here to talk about issues important to young americans. you are watching "washington journal." we will be right back. ♪ >> when you talk about transparency to the american public, there is -- you are going to give up something. you are going to be giving signals to our adversaries as to what our capabilities are. the more specific you get about the program, the more specific about the oversight, the more specific you get about the capabilities and successes, to that extent you have people sitting around saying, "ok, now i understand what it can be done with our numbers in yemen and in the united states and consequently i am going to find another way to communicate." there is a price to be paid for that transparency. where that line is drawn, in terms of identifying what our capabilities are, is out of our hands. if you tell us to do it one way we will do it that way. there is a price to be paid for transparency. >> robert muller makes his last scheduled appearance before
KICU
Jun 19, 2013 4:00am PDT
to show the fed will continue to stimulate the economy. the dow soared 138 points, the nasdaq up 30 and the s&p by 13. gold sold off as oil gained. in the after-hours session, shares of lay-z-boy and adobe both initially rallied on earnings news. adobe beat estimates, but the future is in question. facebook will be out with its new big idea tomorrow. a new way to show photos or videos is highly suspected. and treasury secretary jack lew is giving up his loopy signature for a more traditional one he will use to sign banknotes starting this fall. larry shover of sfg alternatives joins us for trader talk. good to have you on the show this morning larry, and i am wondering how you are preparing for this fed day. - the way i am preparing today is just keeping the powder dry. clearly the smarter money - not to say that i am, but the bigger, smarter money - has been on the sidelines really for the past two to three weeks. a lot of big moves we have seen have been just dramatically done by hedge funds, futures, and fast money. so, i am keeping the powder dry. - it's easy to forget the other
LINKTV
Jun 17, 2013 5:30am PDT
is on boosting the global economy, but the war in syria is dominating diplomacy ahead of the meeting. our diplomatic editor says divisions are growing between russia and other members of the group are good -- group. >> i think there is some trust between two people, the foreign ministers john kerry, the u.s. secretary of state, and the russian foreign minister sergey lever of. when you go wider and the two administrations, there is not much trust. on the american side, they believe that russia is seriously supporting assad's ongoing onslaught which saw the fall of qusayr. i think that is one of the factors, that seriously worried the obama administration. are the russians really serious? or are they just talking about going to geneva and in the meantime trying to win the battle on the ground, giving assad a lot of assistance? the russians make the point that we have the assad regime to go to geneva. or at least they say they will go to geneva, while the americans -- their job was to bring the opposition to the negotiating table. they have not achieved that. the opposition has not signed o
CBS
Jun 17, 2013 4:30am EDT
at discussing world trade and what to do about the ailing economy, the two-year war in syria is expected to dominate. susan mcginnis is in washington. susan, good morning. >> good morning, anne-marie. security is tight at the lakeside golf resort where this summit is being held. along with syria, another topic that might come up is some top-level eavesdropping among foreign diplomats. president obama is in northern ireland to meet with world leaders at the g-8 summit. syria is not normally on the docket but is expected to dominate the talks following president obama's move to ship weapons to rebels fighters. >> there are very big differences between the analysis of what happened in syria and who is to blame. >> russia is noun to have given weapons. president vladimir putin says the rebels in syria are terrorists and barbarians who have even practiced cannibalism. >> are these the ones you want to support? are these the ones you want to supply with weapons? >> president obama and pr putin are expected to hold private conversation this afternoon. the conversation comes after a new report r
CBS
Jun 17, 2013 4:00am EDT
economy the war in syria is about to dominate. >>> security is tight at the lakeside golf resort where this summit is being held. along with syria, another topic that might come up is some top-level eavesdropping among foreign diplomats. president obama is on his way to northern ireland to meet with world leaders at the g-8 summit. syria is not normally on the docket but is expected to dominate the talks. >> there are very being differences between the analysis of what happened in syria and who is to blame. president vladimir putin says the rebels in syria are terrorists and barbarians who have even practiced cannibalism. >> are these the ones you want to support? are these the ones you want to give weapon ons. >>> the conversation comes after a new report reveals the u.s. and uk spied on ryu shorthand others at another summit. the "guardian" newspaper says it has evidence that they spired on the london summit of 2009 hacking into smartphones and reading e-mails. the source? edward snowden. >> how much damage he did do? the fact is that time will tell. >> on cbs's "face the nation," ch
FOX Business
Jun 17, 2013 6:00pm EDT
. thank you for coming on tonight. >> no problem. gerri: in an unrelated story, is the economy about to hit the brakes? there has been slowdown for the past three years. kennedy avoided if this year? with more on this, we have with sam saunders a chief investment strategist for charles schwab. i want to get to this idea of the economy in just a second. but first, i would like you to respond to this pink newspaper about how ben bernanke may indicate exactly what he's going to apply the brakes on easing this week. we expect to hear from him on wednesday. what do you say? >> i'm not so sure that that is shocking news. this has been building to the point where it actually starts tapering off. they have been transparent. to think about this a few months in advance, i'm not so sure that i understand why this is newsworthy be one you may be calm, but the markets were not. where do you think the professional traders are thinking about this right now? >> the market is having little tantrums. but it's not a big surprise. we know what the fed has done is unprecedented with quantitative easing a
NBC
Jun 16, 2013 11:30am EDT
he grew up. he grew up a blighted -- i shouldn't say blighted, limited, rustic economy. he. s to blow that up through canals, railroads, steam boats, things that connect those backwoods to the markets so we have a more diverse economy where people with diverse interests and tall ens have various ways to rise. the other element of it is opposition to slavery. obviously, it blights the opportunity of an entire class of people by definition and also blights the opportunity of poor whites in south who can't compete with the plantations that have the advantage, the brutal and horrible advantage of being anyone to used forced gang labor, which is awful, but is highly efficient. slave states are places that poor white people remove from, rather than go to, which was true. so the civil war fundamentally for him was about preserving our free institutions that guaranteed opportunity. >> it's so interesting because the economic part of this is at a time of great expansion in the country, prior to the civil war, there was recognition that the extension of slavery into the free states was the grea
CBS
Jun 19, 2013 5:30pm PDT
economy. the federal reserve raises its predictions for growth and jobs. anthony mason on the new outlook. the director of the f.b.i. surprised many today with a frank answer to this question: >> does the f.b.i. use drones for surveillance on u.s. soil? >> pelley: bob orr on the f.b.i.'s program. this is supposed to be the answer to america's biggest nuclear contamination problem, but it's billions over budget. carter evans investigates. and ken moreis' great-great- great grandfather is a giant of american history. jim axelrod on how a powerful legacy changed one man's man'sn. mission. >> frederic douglas said it's easier to build strong children than repair broken men. captioning sponsored by cbs >> pelley: good evening. it doesn't happen very often but it happened today-- the stock market plunged in reaction to good news. the news from the head of the federal reserve was that the economy is doing better. here's the part wall street did not like. ben bernanke said the economy is doing well enough that the fed is likely to ease back on one of its stimulus programs, a bond buying program t
MSNBC
Jun 19, 2013 3:00am PDT
economies in terms of -- because they need europe to be able to take their stuff. watch for china -- i don't know who's really running that country, but i can tell you this, their deceleration in economics is just incredible. it's not bringing us down. >> china may go down below 7%, 6% growth this err year. we are right now the tallest building in elmira, new york. >> it's the shung kamao bank. >> how do you know about elmira, new york? >> i come to play. >> you do come to play. we may be the tallest building in elmira, new york, but people keep buying the dollar. what are you going to do? go to europe? go to china? they're all train wrecks wait to go happen. >> you can't feed china. that's a big issue. 700,000 recespiratory deaths la year. let's go to john meacham. speaking of smoking, he smokes way too much. john, you look at europe, the g-8, they were all lecturing president obama three years ago. sarkozy, where is he now? who knows? he's probably staying at your place in the south of france. >> oh, no, unh-unh. >> but united states is in this strange position of just sort of crawling a
CNBC
Jun 17, 2013 7:00pm EDT
, but they are not focusing on the right thing which is growth, growth, growth. the european economy is in a six-quarter double dip recession. the u.s. is sub par. japan is trying to reignite, and i'm especially critical of european monetary policy which is way too tight. and speaking of monetary policy, our markets are more obsessed with it than ever. strong stock buys this afternoon, based on just one reporter from "the financial times" and his ill-advised, uninformed conjecture about what the fed would do, and then when that same reporter tweeted everybody that he really had no idea what he was talking about, well, stocks regained most of their losses. crazy story. an nsa leaker edward snowden points his finger straight at the big tech companies. they said they should resist the government's demand for user information. wrong. they should abide by all our laws, especially national security laws. all those stories and much more coming up on "the kudlow report" beginning right now. >>> let's start right away with cnbc's michelle caruso-cabrera. she is covering the g-8 summit. michelle, good eve
FOX Business
Jun 20, 2013 7:00pm EDT
in the way of strength six months out. >> i think the market raises strong free economy. hastens the day that the fed starts tightening. add to that bernanke's laying down of punitive timetables which he said umpteen times is tentative. may not to a defense and the economy. the market does not want to hear any of that. if he says that the assumption is, oh, he will stop doing it tuesday are something like that, which is that going to. lou: he made big references to inflation. he made references to unemployment or at least the six and half percent level as part of construction for his decision . is a little surprising to me. and it suggested that he does want to accelerate things year. are there signs that this quantitative easing combined purchasing program, this is having a negative, a deleterious effect on the fed's goals? >> i do not believe so. it is not -- it is not the sort of thing you would think would drive down inflation. inflation has fallen well below the fed's goal, but -- but the people who are worried about qe are worried about the other direction, inflationary. it probabl
FOX News
Jun 22, 2013 12:00pm PDT
, thank you. >> a little background on brazil. it's one of the world's largest economies coming in as number six. it was ninth in gross domestic product, it's expected to grow a 4.2%. inflation is up at 6.7% for the past year. rising rate fueling concerns there may be a another round of interest rate hikes. poverty rate stands at 21.4% with more than 41 million people considered poor. we will continue to follow the unrest in brazil. coming up later this hour, rick grenell the spokesperson for the last four ambassadors to the u.n. he will join us live. >> gregg: immigration reform is debates the turn in spotlight. next week on capitol hill, but can u.s. scenarios behind the bill actually gin up enough support for its passage. elizabeth plann has the story live from d.c. bureau. >> the immigration reform bill starting to take shape in the senate while republicans in the house continue to form what they think is a solution. just as the president says it's a pathway to provide citizenship for folks that wanted to come here and stay here legally while bringing relief to a struggling
MSNBC
Jun 20, 2013 10:00am PDT
of a timetable on it, saying if the forecast for the economy goes as planned, we'll start reducing the amount of -- combination for the economy by the end of this year and we'll end it next year. he tried to go to great, great lengths to say, you know what, that doesn't mean we're tightening on the economy, just we're not stimulating the economy as much as we do before. >> we've seen the market drop even lower today. there is some thought that that might actually have to do with what's happening in china as well. can you talk a little bit about that? >> i think that's a piece of it. we got negative data out of china that was a bit of a surprise. there's concern about the chinese central bank there, the people's bank of china clamping down on bank lending there so maybe you'd have what you call a hard landing where things would stop a little more abruptly than had been anticipated. the data out of the u.s. was a mix. we're kind of feeling our way along here. i think the real concern for the markets right now is does the fed make a mistake here? does it end up withdrawing the stimulus from the
CSPAN
Jun 21, 2013 9:00am EDT
much that is costing the european economy, european jobs, and the european government? guest: at the moment, we are asking our citizens to do a lot of sacrifice in order to adjust to the impact of the financial crisis. we cannot allow a number of people to escape, a number of people to evade their tax responsibilities. so, i think this was a powerful message from the g8. very much supported and initiated by the europeans to make sure that our tax system is assumes itsverybody responsibilities in terms of and that when we ask normal citizens to make sacrifices, we should at the same time ensure that any of the people that tries to escape this sanctions -- is sanctions. cooperation among states is an effective one, and this is what they discussed in the g8 and what we are implementing. we are happy to see that we are on the same wavelength with the americans. host: what about switzerland? is which alone one of those locations used as a tax haven? guest: switzerland is not part of the european union, but we have a solid relationship with switzerland. we made a number of agreemen
CNBC
Jun 18, 2013 6:00am EDT
the eurozone economy, arguing that recent signs of market stabilization mean that the ecb's interest rates are becoming a more effective tool again. we'll see about that. >>> also, g-8 leaders are wrapping up a summit in northern ireland today. british prime minister david cameron has, of course, been the host. he says the goal of the group is to "fired up our economies and drive growth and prosperity around the world." we're going to have more, of course, from cnbc's steve sedgwick, who's on the ground there in that beautiful live shot in about 20 minutes. >>> meantime, time for "the global markets report." we'll go across the pond not to ireland, but to london, where ross westgate is standing by this morning amid a sea of green. a little bit of red around. how are you doing, ross? >> yeah, hey, andrew, pretty good. we're actually at the best levels of the session today here for european equities. advances out-pacing decliners by around about, what, 6-2, 7-2 on the dow jones stocks 600. it's been a mixed morning, but the ftse 100 now up 0.8%, despite the that is correct if inflation numbe
FOX Business
Jun 22, 2013 4:00am EDT
in the largest wely gain in four years. the sooner the fed pays it out, presses on buying. hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the economy, smaller businesses like with what they said in russia, health care is free but you can't get any. they a thehe job creators, they are hurt by what bernanke did. not much left for the small guys. lou: a lot of lilimited government, some of them are anti-fed. oh, my gosh, we cannot conclude it a $5 billion per month. i do not like what he has done, bbt don't let him reverse course here. there is a chorus of hypocrisy in pleading for more punch bowl, please. >> it is hard to give up when you have it. bernanke will not d
FOX Business
Jun 17, 2013 1:00pm EDT
, given the fact that we are becoming energies efficient with fracking? our economy is growing, the dow is up today 161 points, can we ignore the world events and continue to go on with the kind of relationships we used to need? >> no. i think it is more important that america become a player. we still have so many other issues. as the world is getting smaller, america must exert their influence in ways that were unforeseen 20 or 30 years ago. we have to be engaged. if we take an internal role of we are not needed as we were, i think that we do it at our peril. lori: a lot of economists are very concerned about this currency war that is underway. you have countries at the g8 representing $7 trillion in global economic wealth. do you think that that topic will come up? how do you realistically have a discussion about a trade deal if you do not talk about what is really going on. >> there is no question about it. if we will have a trade agreement, it has to be free, it has to be fair, and it has to be equitable to all parties. if one party has an upper hand, it is honored as a breach. com
CBS
Jun 17, 2013 12:00pm PDT
the buying spree. >>> meanwhile, across the pond they are talking the global economy. the g8 summit is under way in northern ireland, but it's not all about monetary policy. cbs reporter tara mergener on the discussions expected on u.s. wiretapping and syria. >> hello, everybody. >> reporter: president obama and british prime minister david cameron visited a northern ireland school where students are learning about the g8 summit. >> i think i just went outside the lines. >> reporter: but soon, the president and his counterparts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks including president obama's meeting with russian president vladimir putin. russia supports bashar al-assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow the government calling the fighters barbarians. >> are these the people you want to
PBS
Jun 17, 2013 5:00pm PDT
the measures taken by the u.s., eurozone and japan helped reduce risks to the global economy. economic activity and employment in most advanced nations have yet to recover. they also referred to the policies and challenges of certain countries. they said japan's economic growth will be supported by short-term fiscal stimulus and easing and the strategy for boosting sector investments. the leaders said japan will need to compile a medium term plan to improve the fiscal standing. prime minister abe announced other g 8 leaders said japan's economic recovery was positive for the global economy. >> translator: i told the other leaders that japan needed drastic measures like my three hours to call the country out on deflation. and the figures for production, consumption, and the job market have already improved. i told them we need to promote more growth strategies. the leaders approached me with various opinions, but i won their approval regarding japan's economic policies. >> u.s. markets ended higher after upbeat housing data boosted sentiments later today on tuesday. the dow jones gained nearly 3
CBS
Jun 17, 2013 12:00pm EDT
northern ireland for the g8 summit today. the two day meeting is supposed to focus on the global economy but the civil war in syria will be a major topic. >> reporter: president obama and british prime minister david cameron visited in northern ireland at a school where students are learning about the g8 summit. but soon the president and his counterparts will turn their attention to the global economy. >> i'm pleased to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks. russia supports dictator al assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow assad, calling the fighters barbarian. >> and if a meeting wasn't icy enough, the white house is facing questions about allegations the u.s. spied on russian leaders at a previous global summit. >> reporter: britain's guardian newspaper says the intelligence was found in classified documents, former national security agency contractor edward sno
FOX Business
Jun 17, 2013 8:00pm EDT
it is going to go higher? >> dramatically over forecasting the economy. fourteen years, the last one ended and there's never been 14 years like that. we are going to have wage growth of 5.3% a year. so if you adjust real world super economics, you're looking at this. neil: sometimes you cannot not so sober and surprises. like 14 years ago you could have argued this. you could have pleasant surprises. neil: what you think about this? only bring you an internet boom? >> well, edge was a technological development and a great thing. neil: we are not always sold by3 this. >> the fed clearly is. we have a decade packed with zero interest rates and we are not always intervening in this way. >> well, they ought to stop right now. but the market is totally hooked on this monetary heroism. then they will begin to taper back or reduce the 85 billion. neil: so they should resist the hissy fit and moveon? >> yes, that is what they have been unwilling to do ever since greenspan punted in 1998 at the long-term capital time. time after time they have been doing the same thing. neil: how much higher do you
PBS
Jun 17, 2013 5:30pm PDT
. rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >> ifill: he left open the door to improving relations with the united states. >> the problem complicated and difficult. there's an old wound that should be dealt with with prudence. of course we are not seeking tension or increase can the tension. common sense says our two countries should think about the future more than the past. >> u.s. officials cautiously welcomed rohani's victory but state department spokeswoman said the obama administration wants to see more. >> we look forward to him and are hopeful that he will fulfill the campaign promises he made to the iranian people such as expanding personal
CSPAN
Jun 19, 2013 10:00am EDT
the economy has not recovered from the collapse that wall street caused in housing and other areas. we had recreational vehicles industries gone. we had some high tech that's moved on. we had a lot of construction, home building, lumber, wood products pretty much decimated. the rural areas i have in my rural counties, unemployment over 20%. people are struggling to make ends meet, and we're going to cut their benefits. they want to work. some of them are working, and we even have a higher minimum wage than some states, but it still won't get you through the end of the month for your family. now, this is just outrageous. there are ways to cut this bill. we're going to stop paying finally at last, we are going to stop people not to grow things. we are going to have a new program of crop insurance and some estimates are this program which goes to anybody with an unlimited income, if you're a corporate farm and has $2 million, government will pay 80% for your crop insurance, 80% subsidies. why is that? we could cut this and -- if you earn a quarter of a million dollars a year, go buy your own
CSPAN
Jun 20, 2013 12:00pm EDT
, they can't weaken america. they didn't weaken our economy. they helped build this country, helped build this economy as all of our ancestors did, and that's true of immigrants who want to come here and work and we ought to have a legal avenue that allows these people who want to build a better life for themselves and in the process build a better america, we ought to allow that to happen. this bill in my view doesn't go nearly far enough in accommodating the legal immigration that we could and should have in this country especially with respect to low-skilled workers. i'll be the first to say the bill makes a lot of progress for high-skilled workers, two big areas, the h-1b visas, the cap that has been too low for too long is significantly raised and although we've created hoops people have to go through that are probably unnecessary, it is progress that we have a much higher cap. there's also a new opportunity for graduate students in the stem fields to get green cards in time and that is very, very constructive. these people come here with a great deal of human capital, intellectual c
CSPAN
Jun 16, 2013 9:00pm EDT
was energy secretary, the economy got smaller. it shrank month after month after month. under this government, we have 1.251.20 5 million -- jobs.n private sector of course, living standards are under pressure. the is why we are freezing count. >> excessive noise in the chamber. members should not shout at the prime minister any more than they should shout at the members of the opposition. let the answers be heard. million more1.25 private sector jobs and that is a good record. >> no answer on the living standards crisis that is facing families up and down the country. it is no wonder what his side are saying about him. this is what the honorable member wrote about him, "it is like being in an airplane. the pilot does not know how to land it. we can either do something about it or sit back, watch the in- flight movies, and wait for the inevitable." i could not put it better myself about this prime minister. the reality is this. day in and day out, what people down, day in,m back, dayn tide is in and day out, what people see is prices rising and wages falling while the prime minister tell them
MSNBC
Jun 21, 2013 10:00am PDT
" on sunday. >> >> we want to do our own congressional summit on immigration, the economy, spying. we've got terrific four some to talk about this, as well as to really examine the president's standing right now politically with some of these issues. and we'll do that with our round table. >> thank you very much. we'll be watching. >> okay. >> and senate approval of a broad overhaul of the nation's immigration system could get a boost to spend billions on border patrol. but while it is raising hopes for republican support, there is strong opposition to it. >> if it were actually needed and work, i would help deal with that. but i don't -- i have my doubts that this is the best way to spend our money. i think this was a political response to a failing piece of legislation, a dramatic, desperate attempt to pass a dramatic piece of amendment so they can say it does everything you want and more. so we'll see. hopefully it does improve the border. but again, the border is just one part of the overall failure of our immigration system. >>> and joining me now is nbc news capitol hill correspondent,
CNBC
Jun 17, 2013 2:00pm EDT
. >> thank you so much, andrea. what does this say about the state of the american economy when we're talking about this story? >> one of the things that hasn't come out, the analogy of having a modern day plantation scheme. the perpetrators were pakistani and filipino and the victims were pakistani and filipino, that's number one, so it's very interesting intracultural thing going on, and also i think there's -- this sort of speaks the whole problem of immigrat n immigration. these are people who we have haphazard immigration system, there are people here that the black market sort of takes care of and handles rather than -- >> or abuses. >> or allows people a path to citizenship. >> more clarity less likely to be abuse. >> i'm unclear about the role of fear versus choice. you're saying that the people who were perpetrating themselves were the pakistanis and filipinos. >> correct. >> what does that tell us about the scheme? who started it, what's the chicken and what's the egg here? >> my guess is they had some program with relatives and friends back in the philippines and pakistan saying c
CNBC
Jun 17, 2013 9:00am EDT
people have looked at the economy and said, wait a minute, we're not nearly to the point where the fed can take its foot off the gas. but if you look at their forecast for not only this year, but even moving forward, they are a little bit ahead of where consensus is and that's key to what they. >> 2.6. i want to see loan growth. you don't have new splurge in housing, obviously, because the people are kind of caught up by the rates. but, yes, the stocks that acted well last week, i used again mills and bristol meyers, imminent recession in 8 to 12 months. they bottomed. you don't want to see that. in other words, this is the fed step as way and people believe that there's nothing there. i'd like to think the fed stays in, until we get more than one month of good loan growth. >> to that point, you are talking about my multiple stocks there. they had something to be taken out of them given what were, what multiples -- >> 18, 20. >> higher than some of the peers in the biotechnology sphere which is hard to believe because they're going at a good rate faster. >> i don't want to get caught i
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